09 August 2013
Is it huf asset or individual asset
Long time back my father converted one self equired property to huf in income tax for income tax purpose only.In land & development office,New Delhi,m.c.d. electricity and water were in his(father) individual name.In Land and development,New Delhi too he did not convert it to huf or maybe Land and development ,New Delhi does not convert it to H.U.F. After my father expiry this property was mutated in land and development office,New Delhi in individual names consisting of my name,brother name and my mother name.Now is this huf or individual asset.
CAclubindia
